Placeholder while article actions load Prices rose 8.5 percent in March compared with a year ago, the largest annual increase since December 1981, as Russia’s war in Ukraine sent energy prices soaring. The White House and Federal Reserve have launched several initiatives to try and corral inflation, but the spike in prices on gasoline, food,...Read More

Neither the author, Kingsley Alo, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The US Dollar Index has come within a whisker of reaching and surpassing 100.00.  The greenback, which recorded its highest level since May 2020, continues to gain momentum against its key rivals. The current...Read More

The cost-of-living crisis is affecting many people in the United States, with many left worrying about the rise in inflation, the increased gas prices, and the fact they have not yet received their tax refund. In our live blog this Monday, April 11, we will bring you the latest financial news and updates in the...Read More

An explosion is seen in an apartment building in Mariupol, Ukraine, Friday, March 11, 2022. [AP] Europe is strongly affected by the war in Ukraine on different levels. Given the history of occupations of East European States by Soviet Union during the previous century, the Russian invasion is seen as an existential threat. Nato countries...Read More

UK economic growth slowed by more than expected in February as a slump in car manufacturing undermined a sharp recovery in holiday bookings after the easing of Covid travel restrictions. The Office for National Statistics said gross domestic product rose by only 0.1% in February, down from a monthly growth rate of 0.8% in January...Read More

U.S. 10-yr Treasury yields hit highest since January 2019 Palladium extends gains to scale more than two-week high April 11 (Reuters) – Gold prices slipped in range-bound trading on Monday as surging Treasury yields boosted the dollar and countered fresh concerns about the war in Ukraine, while palladium extended gains fuelled by London’s decision to...Read More

A house under construction in Antioch, California in March. Rising mortgage rates threaten home affordability. Bloomberg The market is finally getting the message that the era of cheap money is ending. Just look at mortgage rates. At the beginning of 2022, the average interest rate on a 30-year mortgage hovered above 3%. Today it stands at...Read More

Much like the way the internet slowly gained traction among tech-savvy early adopters before suddenly exploding in popularity and adoption in the late 1990’s, there is no stopping the cryptocurrency revolution that is already sweeping the world. Like the proverbial glob of toothpaste that cannot be put back into the tube, new technologies cannot simply...Read More

Creatives in Ukraine are trying to harness consumer power in an attempt to keep the country’s economy going amid the Russian invasion. Before the war began in February, Ukraine was known as a hotbed of creativity in fashion, art and design. Now its designers and artists are launching initiatives to support creatives with various websites...Read More

by Wolf Richter • Apr 9, 2022 • 0 Comments Wolf Richter on This Week in Money by Howestreet.com, recorded April 7, 2022. Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can donate. I appreciate it immensely. Click on the beer and...Read More